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Nov 14, 2012
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> good morning and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. our top story is an economic ticking time bomb. what am i talking about? the fiscal cliff. about a dozen ceos are scheduled to meet with
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks,...
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Nov 19, 2012
11/12
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technology stocks doing quite well today. not just apple but a hewlett-packard, industrials as well. ge, materials, we mention medical the show as well today. dupont, cokeca-cola having a go day. intel rebounding after announcing ceo paul otellini will retire in may. board saying lit consider int n internal ask external candidates important the position. josh brown, what do you do here? >> sometimes there is just no trade. you think intel is a really good case in point. up can't be shorted because it is perennially cheap. and there is a really good dividend yield. there is absolutely been no reason to be long. this is value and in the absence of any catalyst. so -- i think this is one of those situations where you just look elsewhere and -- qualcomm much better than intel. intel is month where in the tablet and mobile space. that's really what they have to figure out. >> let's take a look at walmart here, stock higher today. changing the date fourth quarter dividend will be paid. move that the world's biggest retailer might b
technology stocks doing quite well today. not just apple but a hewlett-packard, industrials as well. ge, materials, we mention medical the show as well today. dupont, cokeca-cola having a go day. intel rebounding after announcing ceo paul otellini will retire in may. board saying lit consider int n internal ask external candidates important the position. josh brown, what do you do here? >> sometimes there is just no trade. you think intel is a really good case in point. up can't be...
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Nov 19, 2012
11/12
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. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this
. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama...
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Nov 20, 2012
11/12
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that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. you'll find the technology to help you become a better one is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing.
that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. you'll find the technology to help you...
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Nov 20, 2012
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like some technology stocks. not old tech traps like dell or microsoft, but others like sky works and i'll participate there. >> doc? >> i think what he's giving the half full glass and he's saying okay, if you want to be an optimist and they they can get this deal done, then he sees a lot of upside because even though housing's recovered, labor has not recovered yet. so he's implying very strongly that if they can get this thing done, you're going to see labor markets recover more quickly. just as housing has recovered with these low rates. that's the upside. he's also saying there's that -- hanging over say iing if you dot avoid this, then the whole all bets are off and this thing could be solved. >> but you will see a massive rally if there's an agreement on fiscal cliff. >> undoubtedly. >> as a trader, you wait for that or try to get out? >> that's why i'm somewhat long, otherwise, i'd be short. >> ben bernanke delivering remarks on the economy in new york city. we will take his q and a session live when "hal
like some technology stocks. not old tech traps like dell or microsoft, but others like sky works and i'll participate there. >> doc? >> i think what he's giving the half full glass and he's saying okay, if you want to be an optimist and they they can get this deal done, then he sees a lot of upside because even though housing's recovered, labor has not recovered yet. so he's implying very strongly that if they can get this thing done, you're going to see labor markets recover more...
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Nov 13, 2012
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avis has a new technology. and people would say, structurely, can zstructure ly, can zipcar survive. >> it must be a validation if all these companies are starting to look at it and see the potential. our estimate is about a $10 million market globally in the top 100 cities. so we welcome more competition. it's not new to us. we certainly had competition for years here in new york and other markets. and we've continued to expand much faster than most of our competitors for that period of time. i think the big thing for us is our brand, right? i mean, most people that think about car sharing and using cars by the hour or cars as a service think of zipcar as kind of the iconic brand. we really represent the category. and that plus our technology, and first to scale really matters in this business. i would say, first in isn't as important as first to scale. it's a classic network affects business, where scale really starts to build on itself, both in terms of marketing and technology investment. so we're going to
avis has a new technology. and people would say, structurely, can zstructure ly, can zipcar survive. >> it must be a validation if all these companies are starting to look at it and see the potential. our estimate is about a $10 million market globally in the top 100 cities. so we welcome more competition. it's not new to us. we certainly had competition for years here in new york and other markets. and we've continued to expand much faster than most of our competitors for that period of...
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Nov 14, 2012
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big losers in the technology field. hewlett-packard and intel. big losers in the global industrial names like caterpillar and dupont. maria, back to you. >> all right, bob. thank you so much. don't even think about touching that remote. what a news day. we have a lot more ahead on this busy edition of the "closing bell." >>> coming up, getting down to business. in a first-on interview, honeywell chief david cote tells maria about what trab spired at the highly anticipated business leaders meeting with the president and when his impressions are that a deal on the looming fiscal cliff can get done. >>> plus, tax hike negotiator. the president wants $1.6 trillion with a "t" more in taxes. is this a negotiating ploy? how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm
big losers in the technology field. hewlett-packard and intel. big losers in the global industrial names like caterpillar and dupont. maria, back to you. >> all right, bob. thank you so much. don't even think about touching that remote. what a news day. we have a lot more ahead on this busy edition of the "closing bell." >>> coming up, getting down to business. in a first-on interview, honeywell chief david cote tells maria about what trab spired at the highly...
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Nov 12, 2012
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after all, as a corporation, we are a technology leader and we need that innovation and technology and ideas every day. >> i guess the only question is why didn't she get the job in the first place? hewson not the only woman breaking the defense ceiling. phebe novakovic will become ceo of general dynamics. lynn is a hudson president of bae systems. corporate vice president glor ja tlach will prove to president of electronics systems at northrop grumman. on fortune's list of the 50 most powerful women in business are many women here and two more. linda gooden at global solutions and joanne maguire at space systems. a quick look at how lockheed is reacting this morning. down after that call. long call this morning with analysts trying to introduce marilyn hewson to those who don't know her, carl. >> with this potential sequester, jane, talk about baptism by fire. her hands full right away. thanks so much, jane wells. >>> bells are about to sound across europe this morning. we'll get the close and the details on the impact here this afternoon just about three minutes and eight seconds fro
after all, as a corporation, we are a technology leader and we need that innovation and technology and ideas every day. >> i guess the only question is why didn't she get the job in the first place? hewson not the only woman breaking the defense ceiling. phebe novakovic will become ceo of general dynamics. lynn is a hudson president of bae systems. corporate vice president glor ja tlach will prove to president of electronics systems at northrop grumman. on fortune's list of the 50 most...
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Nov 13, 2012
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itself, you're not going to look at these old technology names, you want to look at these newer technology names. >> to your point about the market turning, you'll notice that the nasdaq is underperforming the turn as we saw. everything's high? nasdaq's only good for a point. >> a lot of that has to do with microsoft as well. and i think it's an incorrect analysis to take all of technology, because i think, right now, it is bifurcated between who's got the exposure to tablets or not. so i don't agree with that. >> ennis? >> in the last three years, actually, to that point about bifurcation, you've seen the nasdaq actually have a humongous rally that took everything up with it. it took all boats out with the tide. now you have to be much more discriminating about value. you have to really find the names. i think apple is one now where you're starting to see some incremental value. and if you want to look at the broken names, i think intel is one that is within the pc space that is not as exposed to the consumer problems that microsoft is. >> josh brown, are you buying any technology on a da
itself, you're not going to look at these old technology names, you want to look at these newer technology names. >> to your point about the market turning, you'll notice that the nasdaq is underperforming the turn as we saw. everything's high? nasdaq's only good for a point. >> a lot of that has to do with microsoft as well. and i think it's an incorrect analysis to take all of technology, because i think, right now, it is bifurcated between who's got the exposure to tablets or...
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Nov 15, 2012
11/12
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we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. >>> we are rising above the fiscal cliff this morning with a private equity titan, wilbur ross, chairman and
we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep...
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Nov 17, 2012
11/12
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that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. bp has paid over twenty-threebp billion dollarsnt to the gulf. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> in moments like this one where everybody is panicked about something horrific like the fiscal cliff. it's more important than ever you have something to keep you interested in investin
that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. bp has paid over twenty-threebp billion...
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Nov 12, 2012
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the technology, low-hanging fruit? >> it could be some. big winners, technology, pharmaceutica pharmaceuticals, some industrials that have done well. it's going to be more large cap base. as i said earlier, that selling is an opportunity for an investor with three to five-year horizon. >> because the corporate sector is quite strong. >> energy is -- we're going to be an energy power house, a manufacturing power house, export power house. china's turning. it's going to be a decent global economy next year for these large cap companies. >> leave it there. thank you. >>> about ten minutes to before the closing bell sounds for the day. a market that is higher, up about 20 points on dow industrials. >> veterans have a higher unemployment than the general population. when we come back, the story about the enpractice neural veterans trying to right that wrong. >> target under fire for opening doors on thanksgiving. we'll hear from a current worker daring to speak out. so anyway, i've been to a lot of places. you know, i've helped alot of people s
the technology, low-hanging fruit? >> it could be some. big winners, technology, pharmaceutica pharmaceuticals, some industrials that have done well. it's going to be more large cap base. as i said earlier, that selling is an opportunity for an investor with three to five-year horizon. >> because the corporate sector is quite strong. >> energy is -- we're going to be an energy power house, a manufacturing power house, export power house. china's turning. it's going to be a...
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Nov 19, 2012
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the two sectors overweight are technology and health care. they are two sectors that have the most cash on the balance sheet and therefore could benefit from tax reform or certainly any grand bargain that included things like repatriation of cash. to me the sectors trade at discounts to the market and in some cases grow faster and have better balance sheets. i want exposure to that sort of quality in an uncertain time. >> when you talk about the trough to corporate earnings next year, assuming it's not a first or second quarter phenomenon, is that contingent on any development regarding the fiscal cliff talks between now and year end? >> it's a good question. between now and year end not really. i think it has to be that they made some resolution by the middle of february otherwise i think it would be more negative. we take a pretty wholistic view of earnings. a farame work for the markets. we look at the data predicting earnings in the past. things like manufacturing data or the unemployment data or consumer confidence. when we look at that
the two sectors overweight are technology and health care. they are two sectors that have the most cash on the balance sheet and therefore could benefit from tax reform or certainly any grand bargain that included things like repatriation of cash. to me the sectors trade at discounts to the market and in some cases grow faster and have better balance sheets. i want exposure to that sort of quality in an uncertain time. >> when you talk about the trough to corporate earnings next year,...
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Nov 13, 2012
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we operated under the old technology again today. we promised everyone if they had an issue yesterday we'll make them whole for that. we took care of that right away. i don't think it speaks to electronic trading. we hit a bump in the road on a migration to a new technology platfo platform. we're not going to burn it back until until we're confident. >> understood. great to have you on the program, always. thank you so much. happy you got power back. >> yeah. thank you. i wish everyone else who doesn't have it would get it. we're doing everything we can in the community to be helpful. let's keep those people in our thoughts and prayers too. there's a lot of people that suffered a lot of devastation, including some of our employees. >> extraordinary. duncan, thank you. duncan kneniederauer joining us here. >>> will the selloff continue tomorrow? we'll handicap the day for you. >>> then ford getting back in the minivan market. can they compete with market leaders chrysler, toyota, and honda? stay with us on the "closing bell." uh, i'm
we operated under the old technology again today. we promised everyone if they had an issue yesterday we'll make them whole for that. we took care of that right away. i don't think it speaks to electronic trading. we hit a bump in the road on a migration to a new technology platfo platform. we're not going to burn it back until until we're confident. >> understood. great to have you on the program, always. thank you so much. happy you got power back. >> yeah. thank you. i wish...
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Nov 19, 2012
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search technology out of the picture. figs book book and yahoo! shares both seeing a lot of interest in trade these days, as well. so keep an eye on the open. those are the german listings you're looking at right now. ho hostes sch hostess announced friday that they were closing after failing to get wage and benefit cuts from thousands of striking bakery workers. the move means most h. most of its 18,000 proviemployees will losing their jobs. several third parties have expressed interests in buying assets, which mean twinkies could find a second lease on life under new management. someone else looking at snapping up assets in general is the u.s. wrapper snoop dogg. he's setting his sights on an unusual overseas investment, scott land's celtic soccer team. the avid sports fan told the scottish daily record he first noticed the fwlub after they defeated barcelona in the champions league earlier this month. of course i watched all of it. snoop dogg doesn't envision himself running the team, but he'd like to invest enough to have a seat on the board a
search technology out of the picture. figs book book and yahoo! shares both seeing a lot of interest in trade these days, as well. so keep an eye on the open. those are the german listings you're looking at right now. ho hostes sch hostess announced friday that they were closing after failing to get wage and benefit cuts from thousands of striking bakery workers. the move means most h. most of its 18,000 proviemployees will losing their jobs. several third parties have expressed interests in...
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Nov 13, 2012
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the technology changes but the love letters stays the same. >> what do you say? >> look, i think they actually to their credit, right, used e-mail in a smart way, used the technology, a shared g mail account, using it in draft form. there was no digital trail no matter how smart we are technology-wise, they forgot the human factor, we like to talk and don't ever understatement the power of a woman scorned. >> yes, indeed. forget "sky fall's" 88 million in ticket, wasn't 88 billion, made 88 million in ticket sales, the highest grossing entertainment launches this year, however are "halo 4" and "call of duty, black ops." is hollywood taking a back seat to the gamer? cindy, why don't you go first? >> absolutely. i mean, i love going to a good movie and i think everyone does, but the fact is if i can be in my favorite movie, come on, that's the difference between spending $10 on a movie ticket and $60 on, like, "halo 4." have you seen some of those characters? i could be hotter and know how to totally rock a firearm in that virtual world. i would pay $60 for that i t
the technology changes but the love letters stays the same. >> what do you say? >> look, i think they actually to their credit, right, used e-mail in a smart way, used the technology, a shared g mail account, using it in draft form. there was no digital trail no matter how smart we are technology-wise, they forgot the human factor, we like to talk and don't ever understatement the power of a woman scorned. >> yes, indeed. forget "sky fall's" 88 million in ticket,...
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Nov 16, 2012
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health care technology solution that will supply electronic medical records to 8,300 walgreens. besides being certified, 37 times next year's earnings? too expensive for this i wouldn't touch it. wait for an earnings hiccup, something we've seen from these health care i.t. providers. that will give you the pullback you need before you can build a position. we have lost too much money in this market buying stocks that sell for more than 30 times earnings. now september 14th, i highlighted a speculative opportunity in a company called dynamax. at the time it looked like they had a better hepatitis vaccine and the risk profile wouldn't dissuade the fda from approving it in an upcoming panel in february. unfortunately for shareholders, the fda panel met yesterday and asked the company to present more safety data. in response on that, the stock got crushed and fell $2.19, 47%. dynavax represents the downside of speculation. this is a loser. the downside speculation happens when you're informed or thought we would be. we got this wrong. unlike someone who tweeted @jim cramer that i wo
health care technology solution that will supply electronic medical records to 8,300 walgreens. besides being certified, 37 times next year's earnings? too expensive for this i wouldn't touch it. wait for an earnings hiccup, something we've seen from these health care i.t. providers. that will give you the pullback you need before you can build a position. we have lost too much money in this market buying stocks that sell for more than 30 times earnings. now september 14th, i highlighted a...
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Nov 20, 2012
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we like the technology. we think it's going to be an important part of hp's -- hp software's growth strategy, but it is not as valuable as we had believed it to be because revenues are lower, growth rate, we believe, will be slower and the margin is not what was reported, which was in a 40 to 45% range. we now think more of a 28 to 30% range. >> which means they would have paid an awful lot less for it if they had over done the deal. many hp investors which they never heard the name autonomy you let alone hewlett-packard, having issues of its own. >> you asked meg whitman whether she regrets having voted for the deal? i regret i voted for the deal. very candid about it. >> very straightforward, as she has been, about that, you are right. i thought that was an interesting explanation, wasn't as though they were out there. they tried to do their due diligence, clearly they failed. not up to the board to do forensic accounting, tyler, but you would hope that somebody would asked the proper questions and perhaps
we like the technology. we think it's going to be an important part of hp's -- hp software's growth strategy, but it is not as valuable as we had believed it to be because revenues are lower, growth rate, we believe, will be slower and the margin is not what was reported, which was in a 40 to 45% range. we now think more of a 28 to 30% range. >> which means they would have paid an awful lot less for it if they had over done the deal. many hp investors which they never heard the name...
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Nov 13, 2012
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technology is being passed by. it is a very poorly run company. maybe the 3% yield helps it. i don't want anything to do with that stock. i would like to go to cody in michigan. cody? >> caller: boo-yah. >> wow. nice. >> i want to know what you think of ttc? >> yeah, it's a great housing play. it's a winner. i feel like it's going to continue to win. and let's go to carol in big missouri. carol? >> caller: boo-yah, jim! >> nice overtime win there, carol. what's up? >> caller: yeah, i'm wondering if you think alcoa aluminum is poised for a rebound in 2013. >> in 2013, yes. it does have tremendous tax law selling between now and year end. that is one horrible commodity that he has to deal with. it was like, you know, the copper corporation would be doing good. let's go to daniel in virginia. daniel? >> caller: yes? >> go ahead, daniel. you're up. >> caller: yep. >> you're up. >> caller: yeah, i'm wondering about ssys. >> stratus. yeah, that thing up is too much. that is a register ringer if i ever saw one. i don't wa
technology is being passed by. it is a very poorly run company. maybe the 3% yield helps it. i don't want anything to do with that stock. i would like to go to cody in michigan. cody? >> caller: boo-yah. >> wow. nice. >> i want to know what you think of ttc? >> yeah, it's a great housing play. it's a winner. i feel like it's going to continue to win. and let's go to carol in big missouri. carol? >> caller: boo-yah, jim! >> nice overtime win there, carol....
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Nov 14, 2012
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and we continue to invest in potential break-through technologies that could further remove carbon from our atmosphere. but we haven't done as much as we need to, so what i'm going to be doing over the next several weeks, next several months, is having a conversation, wide ranging conversation, with scientists, engineers, and elected officials to fine out what can -- what more can we do to make short-term progress in reduce i reducing carbons, and then working through an education process that i think is necessary, a discussion, a conversation across the country about what realistically can we do long term to make sure that this is not something we're passing on to future generations that's going to be very expensive and very painful to deal with. i don't know what either democrats or republicans are prepared to do at this point because this is one of those issues that's not just a partisan issue, i also think there are regional differences. there is no doubt that for us to take on climate change in a serious way would involve making some tough political choices and understandably i thi
and we continue to invest in potential break-through technologies that could further remove carbon from our atmosphere. but we haven't done as much as we need to, so what i'm going to be doing over the next several weeks, next several months, is having a conversation, wide ranging conversation, with scientists, engineers, and elected officials to fine out what can -- what more can we do to make short-term progress in reduce i reducing carbons, and then working through an education process that...
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Nov 12, 2012
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they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar. westport stock has been savaged over the last couple months. the company preannounced disappointing results at the end of october. last wednesday it got hit by a sell initiation from goldman sachs, brutal. the very next day reported a larger than expected loss. after getting pounded down to the low 20s, they rebounded on friday. rallied more than 9%. the company announce the they would start producing the first long haul truck engine next year. that can be a sign that maybe things bottomed. long term the stock has given us a double since i first got behind it in january 2010. but now it's down 28% since the last time we spoke with the ceo in august. has westport been punished enough? they initiated coverage with a sell rating. had the expectations come down enough that the risk/reward is in your favor? let's check in with david demers, the founter and ceo of westport innovations.
they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar. westport stock has been savaged over the last couple months. the company preannounced disappointing results at the end of october. last wednesday it got hit by a sell initiation from goldman sachs, brutal. the very next day reported a larger than expected loss. after getting pounded down to the low 20s, they rebounded on...
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Nov 19, 2012
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we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where there is a big fema project. along the eastern seaboard a lot of that fema smending. th spending. then into florida where there's a lot of social security spending. same think along the gulf coast. zoom in on one louisiana county in here, there's a u.s. penitentiary there. a lot of federal spending. up through here, farm subsidies, drought relief. all kinds of things. out in arizona, retirees and other -- all the way up there in the state of washington. i understand we've got somebody coming from that state, a big naval base. that's going to show up big and make it red. what the pew center on the states did, they divided it up, said what federal spending is a% of gdp. maryland, virginia, district of columbia comes up the highest.
we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where there is a big fema project. along the eastern seaboard a lot of that fema smending. th spending. then into florida where there's a...
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Nov 15, 2012
11/12
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let's get to a big mover in technology today. apple continues to fall further into bear territory. america's favorite stock, in fact, down 25% from its entry day high set back on september 21st. karen puts in a buy of apple 500. >> which means it will close at 501 or something just to maximize the pain. but, i mean, you know, as portfolio management issue, it's just a question of how much are you willing to lose. doesn't matter what your original cost is, even if you still made money. the question is from tonight, from now. >> right. the question here is do we have to rewrite how we think about apple in terms of its valuation right now, or have we factored in too much. all the negative currents that have gone on lately, whether it be supply constraint issues, and the concern about moving into china, which morgan stanley says is probably going to happen next year anyway. >> we've danced around this. i understand people's affinity towards this. but i also understand that they make products, they're cool, and everybody wants them. some of those products are actually better than apple.
let's get to a big mover in technology today. apple continues to fall further into bear territory. america's favorite stock, in fact, down 25% from its entry day high set back on september 21st. karen puts in a buy of apple 500. >> which means it will close at 501 or something just to maximize the pain. but, i mean, you know, as portfolio management issue, it's just a question of how much are you willing to lose. doesn't matter what your original cost is, even if you still made money. the...
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Nov 14, 2012
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they have technology. they have reach. >> so how come the stock has lost so much of its value i understand the ipo then? >> the valuation was always an issue here. part of the lockup expiring reminds us of the valuation play. it's still $48 billion for a company with $5 billion in revenue. so the sale of the century, this most certainly isn't. part of what we're seeing is rotation out of the big three, out of amazon, apple, and google. some of the tech money is looking for a place. there's a decent number of people out there who like the upside to downside ratio in facebook. all that being said, mobile is important for them. we're yet to see them monetize outside. they have to do that to grow into any kind of valuation above of $26. we have another big problem in mobile here which is about 50% of the click throughs where they're making their money turn out to be errors. they're accidents based on big fingers on small surfaces. >> facebook is still one of the top if not the top water cooler stocks to talk a
they have technology. they have reach. >> so how come the stock has lost so much of its value i understand the ipo then? >> the valuation was always an issue here. part of the lockup expiring reminds us of the valuation play. it's still $48 billion for a company with $5 billion in revenue. so the sale of the century, this most certainly isn't. part of what we're seeing is rotation out of the big three, out of amazon, apple, and google. some of the tech money is looking for a place....
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Nov 12, 2012
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viewership growth and new technologies they haven't had th
viewership growth and new technologies they haven't had th
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Nov 15, 2012
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right now because of western technology, they have an incredible censorship operation there. so it is very, very difficult for anybody to speak up. but i think the important point here is that this is a chance for us. this guy, if he practices what he preaches, then we all in this world have a chance for more peaceful and prosperous future. if the hardliners -- if the six other guys surrounding him drag him down and he's just a puppet, we're in trouble. from good luck to him is all i can say. peter, thank you very much for joining us. >>> we are going live to tel aviv for an update on a developing situation there. >> this could be the final countdown for twinkies. hostess bakery and striking workers have just two hours left to come to a deal or you might have to kiss those delicious snack cakes good-bye. forever. americans believe they e in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what th
right now because of western technology, they have an incredible censorship operation there. so it is very, very difficult for anybody to speak up. but i think the important point here is that this is a chance for us. this guy, if he practices what he preaches, then we all in this world have a chance for more peaceful and prosperous future. if the hardliners -- if the six other guys surrounding him drag him down and he's just a puppet, we're in trouble. from good luck to him is all i can say....
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Nov 13, 2012
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in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] "watch where you point that thing." you point yours, i point mine. okay, l-let's stay calm. [ all shouting ] put it down! be cool! everybody, just be cool! does it price better on the side? no, it just looks cooler. the name your price tool, only from progressive. call or click today. i got you covered. thank you. oh, you're so welcome. >>> new york stock exchange suffered a trading glitch. an outage shortly after they opened monday on its matching engine. trading halted for more than 200 stocks. once they determined
in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and you pick the price that...
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Nov 12, 2012
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in other words, they can't top themselves technologically. but they're still the best. or if people look at the s3, among the best out there. people are lining up right now. they like the galaxy s3 from samsung. the apple iphone. then there's that windows phone which looks so cool. >> dr. j., you want to play ball? >> i agree with herb. i think the end of january practically is way too far out in front to get long this stock on that announcement. that's no new news. on the other hand, i think you just named the three big competitors that they have to be very concerned about. and that windows phone does look very cool. the samsung as joe knows, i bought that samsung galaxy tab, the 2, because i thought that was so cool. there's a lot of great devices to tell us they're not going to bring out this device till after the holiday shopping season is ludicrous. >> i will tell you one thing, though. that is i've watched wall street do this for so long. you know, they look for events. the traders look for events. who knows? they'll continue to trade this thing higher into the --
in other words, they can't top themselves technologically. but they're still the best. or if people look at the s3, among the best out there. people are lining up right now. they like the galaxy s3 from samsung. the apple iphone. then there's that windows phone which looks so cool. >> dr. j., you want to play ball? >> i agree with herb. i think the end of january practically is way too far out in front to get long this stock on that announcement. that's no new news. on the other...
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Nov 14, 2012
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go ahead. >> i just say cyber security -- i mean, this is a big area in technology. the threats are not going to be -- as you've seen on the bank front, despite a tough ip spending environment, security continues to be a high priority, and i think there's a number of stocks that really benefit from the trend. >> such as? >> i think check point is one of the main beneficiaries, and i think two other ones will be ford and palo alto. these are three of the core vendors that will benefit over the next year to help enterprises block out cyber threats across the world. >> so why aren't we seeing better share performance? over the last couple months, they've struggled. so why don't investors see opportunities here? >> i think part of is the choppy ip spending environment. these companies are not immune. i think there's some fears that security could also come under pressure. but again, i think that's where i think investors are being shortsighted. all of our survey work is showing that security is a high priority. there's only a small subset of companies that are going to b
go ahead. >> i just say cyber security -- i mean, this is a big area in technology. the threats are not going to be -- as you've seen on the bank front, despite a tough ip spending environment, security continues to be a high priority, and i think there's a number of stocks that really benefit from the trend. >> such as? >> i think check point is one of the main beneficiaries, and i think two other ones will be ford and palo alto. these are three of the core vendors that will...
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Nov 15, 2012
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i think it's about markets and the pace of technology and the pace of technology to some degree is governed by -- the lighter side of the venture business grows out of the investments we have made in biomedical search. obviously i benefitted personally enormously from the investments we made in the country in what became the internet sand business in general is supported by the investments we make in infrastructure and bridges, and so on, roads. so the question is are we investing enough in society in order to grow a high-tech nothing economy. and i believe the answer to that is no. >> the trouble is, herb, finally before we let you go, this 1% that we're discussing is a very wide banged. you all work $300 million $350 million that tax rate at that point may be very punitive for someone $250,000 as an annual income for a family. >> at $250,000 there would be no increase at all. this is a marginal tax rate, so we're only talking about four cents out of every dollar above $250,000 and that's a aren't level for society to decide that those who are more fortunate can help society its needs. >>
i think it's about markets and the pace of technology and the pace of technology to some degree is governed by -- the lighter side of the venture business grows out of the investments we have made in biomedical search. obviously i benefitted personally enormously from the investments we made in the country in what became the internet sand business in general is supported by the investments we make in infrastructure and bridges, and so on, roads. so the question is are we investing enough in...
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Nov 20, 2012
11/12
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we like the technology. we think it's going to be an important part of hp software's growth strategy but not as valuable as we had believed it to be because revenues are lower, growth rate we believe will be slower and the margin is not what was reported which was in a 40% to 45% range. we think more 28% to 30% range. as you know when you do a ten-year discounted cash flow you come up with a different valuation and the price of the write-down that was in excess of $5 billion based on misstated financials when autonomy was a public company. >> you were of course on the board of hewlett packard at the time and agreed that the deal was one that should be undertaken. do you regret that decision on your part and on the part of the board at that time? >> obviously with 20-20 hi hindsight we're disappointed by the news. we relied on audited financials. not brand x accounting firm. and that's what you do when you are on a board. you rely on the recommendations of management and the financials audited by a legitimate
we like the technology. we think it's going to be an important part of hp software's growth strategy but not as valuable as we had believed it to be because revenues are lower, growth rate we believe will be slower and the margin is not what was reported which was in a 40% to 45% range. we think more 28% to 30% range. as you know when you do a ten-year discounted cash flow you come up with a different valuation and the price of the write-down that was in excess of $5 billion based on misstated...
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Nov 14, 2012
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all of those are being driven by technology. and it's not stopping. it's accelerating. i just wrote a book called "abundan "abundance," i look at how it's creating jobs, bringing the cost of living down and giving us abundance in a range of areas worldwide. >> we talk -- i mean, when -- the word innovation tends to be followed by something like apple or something regarding a smartphone, but there's a lot going on in energy, there's a lot going on in space, there's a lot going on in transportation. where do you think our spot is sweetest right now in this country? >> well, i mean, the united states still remains the top innovation nation. it's the mindset that you're allowed to fail and start again and try again. silicon valley i run an organization where we're incubating about a dozen new companies every year in synthetic biology, in artificial intelligence, robotics. these are the technologies that are going to be as powerful this decade as the web and mobile were in the last couple of decades. it's really allowing small teams to do what only governments and large corp
all of those are being driven by technology. and it's not stopping. it's accelerating. i just wrote a book called "abundan "abundance," i look at how it's creating jobs, bringing the cost of living down and giving us abundance in a range of areas worldwide. >> we talk -- i mean, when -- the word innovation tends to be followed by something like apple or something regarding a smartphone, but there's a lot going on in energy, there's a lot going on in space, there's a lot...
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Nov 19, 2012
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>> in the technology sector, there's a lot of interesting opportunities. mainly those that export. china's growth is beginning to improve. they buy a lot of capital equipment from us. so it's the big names in technology that provide a lot of that export capital equipment that we think will buns back the strongest in the first. >> bob, another thing we've been talking about is the people have been selling dividend sftocks because of higher taxes kicking in and they figure this is the last chance to get something at 15%. is that part reason you think we've seen a selloff? >> i do. i think people have a lot of gains in some of those stocks and they're taking money off the table worried about what their dividend tax rate will be. dividend tax rates are going up particularly for higher income investors. we know that. and so that's the place people are taking profits. look, you still want to own companies with positive free cash flow so they can raise their dividends over time those stocks will do well. >> in terms of raising dividends, we've also talked to people about the idea how comp
>> in the technology sector, there's a lot of interesting opportunities. mainly those that export. china's growth is beginning to improve. they buy a lot of capital equipment from us. so it's the big names in technology that provide a lot of that export capital equipment that we think will buns back the strongest in the first. >> bob, another thing we've been talking about is the people have been selling dividend sftocks because of higher taxes kicking in and they figure this is the...
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Nov 20, 2012
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a rally in technology shares, but losses in auto majors capped the up side on the kospi. sensex closed about flat. olam shares, they mansioned to recoup some of its losses after the stock was halted this morning questioning their accounting practices. ross, back to you. >> thanks for that. that's where we stand on financial markets ahead of the u.s. trading day. meanwhile white house aides and staffers have held their first meet to go discuss proposals for a budget deal to try to avoid a fiscal cliff. they'll present ideas to the president and top lawmakers next week. republicans acknowledge the need to raise some tax revenue, but complain democrats aren't giving any ground when it comes to making cuts to entitlement programs. joining us on the phone is head of rate strategy. george, with p ares saying we now admit we have to have some taxes raised and revenue from that, where do they get their bit of cake from? >> i think we have to realize we're still early on in the process and the fact that this is still with the staffers ahead of the thanksgiving holiday here in the
a rally in technology shares, but losses in auto majors capped the up side on the kospi. sensex closed about flat. olam shares, they mansioned to recoup some of its losses after the stock was halted this morning questioning their accounting practices. ross, back to you. >> thanks for that. that's where we stand on financial markets ahead of the u.s. trading day. meanwhile white house aides and staffers have held their first meet to go discuss proposals for a budget deal to try to avoid a...
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Nov 16, 2012
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. >> with your -- where they couldn't merge because prices might go up for technology. i don't really feel like i'm paying a lot for all this digital stuff. i don't feel -- >> i did tell you about what happened on a delta flight with my family, though. we had an engine blow out in midair and had an emergency landing. and that's not to suggest that -- >> i don't feel like every time one of our airlines go up that there's a chance it will crash. you don't let me say this, but when is the last -- remember every year the media would rush to the big 200 person dead -- remember? >> i was just on a delta shuttle on wednesday or tuesday. >> when was the last major -- >> let's hope we never have to hear about another one. >> and you hear about the air traffic near misses and things like that. and i pray and hope and knock on wood, but 50,000 takeoffs and landings a day. >> statistically -- >> can we go to london? >> not on an old jet. p. >> becky would like us to talk about the global markets report. kelly evans is across the pond. we won't fly to you. we'll do it by satellite.
. >> with your -- where they couldn't merge because prices might go up for technology. i don't really feel like i'm paying a lot for all this digital stuff. i don't feel -- >> i did tell you about what happened on a delta flight with my family, though. we had an engine blow out in midair and had an emergency landing. and that's not to suggest that -- >> i don't feel like every time one of our airlines go up that there's a chance it will crash. you don't let me say this, but...
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Nov 13, 2012
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we did see an impact, we have seen an impact from weakness particularly in europe on our technology business but we're seeing strong revenue growth and improving earnings in our services businesses. mixed bag. >> you've been talking about your services led business, part of the transformation of the company. at this point how much does that make up of the company in. >> a little bit more than half of our revenues. if you look forward to 2017 it will probably be two-thirds of our revenues not only driven by the fact we are growing that portion of the business but because the market's transitioning, customers are transitioning. they want more than a point solution. they want us to help them change the way they get business done so it's an exciting and growing portion of our portfolio. >> how does that change who your competitors are? >> it's a great question actually. our traditional competitors in the hardware business is hp and rico and cannon. now we have a large number of smaller less capitalized competitors mixed in with a few large competitors. we have transportation competitors, custome
we did see an impact, we have seen an impact from weakness particularly in europe on our technology business but we're seeing strong revenue growth and improving earnings in our services businesses. mixed bag. >> you've been talking about your services led business, part of the transformation of the company. at this point how much does that make up of the company in. >> a little bit more than half of our revenues. if you look forward to 2017 it will probably be two-thirds of our...